2nd US Senate hearing: Banking Committee, BitPay and more

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: Boxman90 on November 19, 2013, 02:35:26 PM

Quote from: windjc on November 19, 2013, 02:22:34 PM

Quote from: Ozymandias on November 19, 2013, 02:19:55 PM

BTC price will be >1000 or <500 by the end of the day if yesterday is any indication of how the market reacts to the senate

I do not think the market reacted to the senate yesterday. A coincidence.

I do think the market may be <500 by the end of the day for other reasons. We are in a true correction now I believe. We won't see ATHs again for several days or weeks potentially.

No, it was well planned out. Whenever you want to make a big move (either up or down), it will have the best effect when everybody is on edge because there's an allegedly big "news event" going on. People will use the news to rationalize any ridiculous change and act on it. With no news, a sudden sharp rise or crash will be much better absorbed by the market.

proof of this is when the senate meeting started yesterday coincided with a huge dump.

antimattercrusader

sr. member

Activity: 308

Merit: 250

This is all great news. I detect no hostility by these officials against bitcoin. We shall see what actually happens and if the banks or some other group somehow conviences them otherwise through covert means. I hope not, this IS the future.

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

I'm legitimately surprised at how the senators actually considered it a form of actual payment. I expected that they'd focus almost exclusively on the negative aspects of Bitcoin./

freebird

sr. member

Activity: 414

Merit: 250

Freedom through Cryptocurrency!

Very positive comments by Sen. Warner and Sen. Merkley. Warner compared bitcoin to the rise of cell phones. Merkley talked about a business in his home state that accepts bitcoin. Both of them showed actual glee on their faces when they talked about how much the price has gone up.

wtfvanity

hero member

Activity: 504

Merit: 500

WTF???

Quote from: windjc on November 19, 2013, 02:22:34 PM

Quote from: Ozymandias on November 19, 2013, 02:19:55 PM

BTC price will be >1000 or <500 by the end of the day if yesterday is any indication of how the market reacts to the senate

I do not think the market reacted to the senate yesterday. A coincidence.

I do think the market may be <500 by the end of the day for other reasons. We are in a true correction now I believe. We won't see ATHs again for several days or weeks potentially.

Quite probably, not even until December!

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Quote from: seleme on November 19, 2013, 02:30:11 PM

when does it start?

In a hour

Boxman90

hero member

Activity: 518

Merit: 500

Quote from: windjc on November 19, 2013, 02:22:34 PM

Quote from: Ozymandias on November 19, 2013, 02:19:55 PM

BTC price will be >1000 or <500 by the end of the day if yesterday is any indication of how the market reacts to the senate

I do not think the market reacted to the senate yesterday. A coincidence.

I do think the market may be <500 by the end of the day for other reasons. We are in a true correction now I believe. We won't see ATHs again for several days or weeks potentially.

No, it was well planned out. Whenever you want to make a big move (either up or down), it will have the best effect when everybody is on edge because there's an allegedly big "news event" going on. People will use the news to rationalize any ridiculous change and act on it. With no news, a sudden sharp rise or crash will be much better absorbed by the market.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

when does it start?

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: Ozymandias on November 19, 2013, 02:19:55 PM

BTC price will be >1000 or <500 by the end of the day if yesterday is any indication of how the market reacts to the senate

I do not think the market reacted to the senate yesterday. A coincidence.

I do think the market may be <500 by the end of the day for other reasons. We are in a true correction now I believe. We won't see ATHs again for several days or weeks potentially.

Ozymandias

sr. member

Activity: 644

Merit: 250

BTC price will be >1000 or <500 by the end of the day if yesterday is any indication of how the market reacts to the senate

the_sunship

full member

Activity: 230

Merit: 100

it will be bullish. probably will trigger another major push up....

if I could actually buy some coins I would, but alas - bitstamp and coinbase are messing with me.

pera

sr. member

Activity: 532

Merit: 261

バカ

Today is the 2nd of the hearings, at 3:30 EST. You may watch it in C-SPAN3:
http://www.c-span.org/Live-Video/C-SPAN3/

First panel:

Jennifer Shasky Calvery (Financial Crimes Enforcement Network)
David Cotney (Commissioner of Banks, Massachusetts Division of Banks)

Second panel:

Anthony Gallippi (Co-founder and CEO BitPay, Incorporated)
Mercedes Kelley Tunstall (Partner and Practice Leader, Privacy and Data Security Group, Ballard Spahr LLP)
Sarah Jane Hughes (University Scholar and Fellow in Commercial Law, Maurer School of Law, University of Indiana)
Paul Smocer (BITS President, Financial Services Roundtable)

http://www.banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_id=955322cc-d648-4a00-a41f-c23be8ff4cad

feelings? Tongue

Topic: 2nd US Senate hearing: Banking Committee, BitPay and more (Read 1626 times)